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Old 07-06-2018, 06:29 AM   #551
DawnODay
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When Republicans passed the Tax Cuts and Jobs Act in December, congressional Democrats denounced the legislation as a reckless attempt to help wealthy corporations at the expense of everyone else. House Minority Leader Nancy Pelosi, D-Calif., famously dismissed the law’s benefits to most taxpayers as “crumbs.”

Six months later, many of the groups Pelosi and other Democrats warned would be worse off as a result of the tax reform legislation — including minorities, women, and small businesses — are not only thriving, they are experiencing some of the most notable economic growth in the country's history....

As difficult as it may be for Pelosi and other advocates of higher taxes and more government control to admit, the successes of the Republican tax reform legislation clearly illustrate that when people are empowered to keep more of their own money, everyone in society benefits.
J. Haskins, Six months in, tax cuts are already providing historic gains for minorities, women, and small businesses, Washington Examiner (Jul. 3, 2018).
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Old 10-16-2018, 06:39 AM   #552
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Walgreens is investing $150 million to raise it’s in store wages and build community health initiatives thanks to the GOP's Tax Cuts and Jobs Act.

“We will be making select incremental investments of around $150 million in fiscal 2019, mainly in store wages, but also to fuel our new community health care initiatives,” said Walgreens CFO James Kehoe. “And you can view these in light of the favorable tax reforms in the US.”

In December, the Republican Congress passed the Tax Cuts and Jobs Act. The bill contained numerous pro-business reforms including full business expensing and cutting the corporate tax rate from 35% to 21%. Not a single Democrat voted for the bill.

Companies across the United States have responded positively to the tax cuts by passing on benefits to employees, customers, and local communities. Walgreens is the latest company to announce that they will be using their tax savings to help their employees and community.
A. Marone, GOP Tax Cuts Boost Walgreens Wages, ATR (Oct. 12, 2018).

For a general survey of some key benefits of the recent tax reform, see, S. Hackbarth, Tax Reform Nine Months In: 600 Businesses (and Counting) Offer Raises, Bonuses, USCC (Sep. 21, 2018).
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